Call Us Today at 727-538-2250 or fill out our online form to contact us about a FREE DEMO!
Cync Software: A Breakthrough In Commercial Loan Risk Monitoring
Cync is a commercial loan monitoring software application that has been designed to provide a fresh and innovative solution for commercial lending, asset based lending, and factoring. Highly scalable and secure, Cync is deployed through the Cloud as a Software-as-a-Service (SaaS) model. It allows portfolio managers or other capital providers to manage borrowers' loan-supporting financial records 24/7 from anywhere via a secured internet connection. Cync is competitively priced on a “Pay as you Go” basis with No large Capital Expenditure.
Cync's advanced technology allows the portfolio manager to view operational data, which is transmitted from a borrower's financial system to the application via either a secured protocol or uploaded into the system. Cync provides the portfolio manager with accurate and timely information on the status and history of a client’s collateral values being posted daily, weekly and monthly. This instant turnaround gives portfolio managers the ability to monitor loans closer than ever before. It also greatly reduces risk on the part of the lender, as it allows for rapid analysis and communication between lenders and borrowers.
Cync automatically calculates all eligible accounts receivable, borrowing base certificate and collateral values. It tracks accounts payable, inventory, and all collateral values while also providing relevant analysis and reporting in graphical and text formats. These actions are all performed in accordance with the terms and conditions of each individual loan covenant agreement and are customizable and controlled by the lender.
Unique Product Features:
- Provides e-mail alerts which will inform all stakeholders (the lender, portfolio managers and borrowers) as user defined changes occur or circumstances require.
- Print aging reports, profit & loss statements and balance sheets or view them online in a standardized format.
- Reduces lending risk by providing better visibility and trend information, allowing for more rapid, accurate analysis and communication between a lender and its borrowers.
- Provides for complete and secure electronic financial records storage and electronic records management of each account.
- Multi-lingual, multi-currency, highly customizable and adaptable to the needs of the lender.
These and many other features make Cync a unique application, built specifically for the rapidly changing needs of today’s credit market.